Faculty of Economics and Administrative Sciences

Accounting and Finance

Duration 4 Years
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About the Department

A bachelor’s degree in Accounting and Finance provides theoretical, conceptual, technical, and practical knowledge in managing the financial functions in every organization: financial or non-financial, private or public, large or small, profit-seeking or non-profit. This degree is extremely specialized: the curriculum requires sufficient study time for professional practice in financial accounting, intermediate accounting, cost accounting, management accounting, international financial reporting standards, auditing, financial management, financial markets and institutions, investments, financial statement analysis, international finance and corporate finance. The curriculum also includes intermediate level coursework in business law, international law and economics and general coverage of management theory along with business mathematics and statistics. Practical classes will equip students with the knowledge and skills that will be needed in real-life business, such as analyzing and auditing the financial statements of companies.

Accreditations

Accounting and Finance Program was accredited by the Foundation for International Business Administration Accreditation (FIBAA) on 17th September 2018, due to progressing with the same standards and parallel to the world, and continues to provide education in accordance with the accreditation standards.

Education Opportunities

The program not only focuses on the theories of accounting and finance, but also helps students to deepen their understanding of the inner workings of the accounting and finance sector in the real world. Department staff see the necessity of improving and introducing modern teaching techniques such as term projects and practical application of knowledge and skills, providing opportunities for students to follow the latest developments in the worldwide capital market. The program will prepare students in the best way for the accounting and finance world, by providing them with the most recent theoretical information and empirical applications. Finance lab will help students become competitive and contribute to their employability in both national and international job markets. Upon graduation, students will be obtained the special skills to be experts in investment and portfolio management.

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Career Areas

Upon completion of the Bachelor of Accounting and Finance program, students will have excellent job opportunities in the accounting and finance sectors, such as accounting and financial consultancy companies, independent auditing institutions, banks, finance companies, stock exchange intermediaries and brokerage houses, public finance institutions and accounting and finance departments of business enterprises. Graduates will also have a chance to work as Certified Public Accountants and/or Certified Financial Officers, auditors, consultants or lecturers. On the other hand, program also prepares the students to excel academically and pursue an academic career by completing a master’s program.

Contact

Faculty of Economics and Administrative Sciences
Çevik Uraz Center, CU241
Tel: +90 392 671 1111 Extension: 2201
Faculty E-mail: secretary-fes@ciu.edu.tr
Head of Department: Asst. Prof. Dr. Kemal ÇEK
Head of Department E-mail: kcek@ciu.edu.tr

Compulsory Courses

First Semester
INTRODUCTION TO BUSINESS-I

Course code

BUSN101

Credit

3

Theoretical

3

Practical

0

Ects

6
This course is designed to teach introductory business students fundamental knowledge about a business. For this purpose, understanding the contemporary business environment is a starting point. After briefly covering the business of managing, all functional areas of a business are discussed. Upon completion, students should be able to demonstrate an understanding of business concepts as a foundation for studying other business subjects. The students will be able to identify potential marketing opportunities, relate how business institutions are operated nowadays, and describe business ownership forms. The course is also designed to expose students to the multitude of career fields in the area of business and it will also help them to obtain information about starting their own businesses, identifying basic long and short term planning techniques.
MICROECONOMICS

Course code

ECON101

Credit

3

Theoretical

3

Practical

0

Ects

6
Course involves introduction to economics, what is economics? Micro and Macro Economics, Needs, wants, preferences, scarcity and consumer preferences, Production Possibilities Frontier, Opportunity Cost, Budget Line, Cost-Benefit Principle, Explicit and Implicit costs, Elasticity -Inferior goods, normal goods, luxury goods, complement goods and substitute goods, Demand Curve and Supply Curve, Excess demand and supply,Demand and Supply functions, Equilibrium price and quantity by using functions, Types of taxes and their effects on demand and supply,Types of Costs; Fixed costs and variable costs. Calculating total revenue and total costs,Calculating profit and loss,Calculating Break even quantity,Drawing Break Even chart,Types of Depreciation and calculating depreciation.
READING AND WRITING SKILLS-I

Course code

ENGL141

Credit

3

Theoretical

2

Practical

2

Ects

4
This course aims to develop students' listening, speaking, reading - writing and study skills. The course provides students with the opportunity to develop their communication skills through controlled activities and to equip students with the basic study skills necessary to follow the curriculum of English. This course also provides students with the opportunity to process the newly acquired knowledge and to develop their ability to ask questions about how to apply the new knowledge to new situations and ask them to think critically. In addition, this course will enable students to learn about the different strategies required to review the various reading pieces, such as finding the main idea and distinguishing the details from the main idea.
INFORMATION TECHNOLOGY

Course code

ITEC101

Credit

3

Theoretical

2

Practical

2

Ects

6
The aim of this course is to give the students an understanding about the computer fundamentals such as type of computers, hardware, software, network, web, Internet, computer security and other emerging technologies such as e-commerce, blogs, wiki, RSS, social networking, and Google applications, health concerns, green computing, and accessibility. Students will be able to understand many of the key ethical, legal and social issues related to information technology and how to interpret and comply with ethical principles, laws, and regulations. At the end of this course students will be familiar with the computer terminology as well as hands-on practices with some of the application programs using Microsoft Office (Word and PowerPoint) exercising on preparing reports, formatting, inserting charts etc.
MATHEMATICS FOR BUSINESS AND ECONOMICS-I

Course code

MATH111

Credit

3

Theoretical

3

Practical

0

Ects

6
This course is designed for students who study in the departments of Business and Economics in order to equip students with the knowledge and aspects of mathematics such as simple and compound interest, payroll, annuities, asset valuation, retail evaluation, linear programming. The intention behind this course is to teach students how to integrate key components of economic analysis into managerial decisions by using mathematical tools. Topics include: working with algebraic statements, power and indices, fractions, factorization, functions of one variable, linear and quadratic functions, solving linear and quadratic equations, sketching graphs of functions of one variable, linear and power functions, using linear models to model cost, revenue, profit, demand, supply, break-even points, and equilibrium points.
TURKISH LANGUAGE

Course code

TREG100

Credit

0

Theoretical

2

Practical

0

Ects

2
This course examines basic areas of language and expression. In the first half of the course, the theoretical approach to language is formed and the spelling rules of the Turkish language are studied. In the latter part of the course, language and narrative errors are studied together with editing. In the second half of the course, formal writing, curriculum vitae, petition, evaluation of the columns in terms of language and style, types of written expression and practice; Turkish production and application of shooting attachments; Turkish grammar structure; It is aimed to teaching subjects like phonetics of Turkish to students.
TURKISH

Course code

TURK100

Credit

0

Theoretical

2

Practical

0

Ects

2
This course provides an orientation to modern Turkish language for foreign students who wish to communicate in this language for their needs. It mainly focuses on the differences between Turkish and English Alphabets, especially the sounds and the letters which are not included in the English alphabet (i.e. Turkish letters ç-ğ-i-ö-ş-ü). In addition, basic grammar and sentence structure forms in Turkish are practised. The required grammar and vocabulary will also be developed through their adaptation to daily situations in contexts such as introducing yourselves, greeting, talking about the things they possess by using possessive adjectives, forming positive, negative and question sentences by using present simple, telling the time, talking about their own timetables, using demonstrative pronouns when describing the place of objects and becoming familiar with vocabulary related to family members.
Second Semester
MACROECONOMICS

Course code

ECON102

Credit

3

Theoretical

3

Practical

0

Ects

6
This is an introductory course covering money, the monetary system and their relevance to the functioning of the national economy. It covers monetary and fiscal policies, unemployment, interest rates, and inflation as well. It dwells on the measurement of the level of output and its determination. Particular emphasis is placed on the forces that determine the actual and potential level of output and on policies designed to promote economic stability and growth. Important policy debates such as the sub-prime crisis, social security, the public debt and international economic issues are critically explored. The balance of payments is explained. The determination of the exchange rate is presented with reference to the international monetary system.
READING AND WRITING SKILLS-II

Course code

ENGL142

Credit

3

Theoretical

2

Practical

2

Ects

4
This course is the continuation of ENG 101. The course aims to improve students' listening, speaking, reading, writing and working skills. In the course, students are guided in writing compare and contrast essays using Venn diagram. In addition, the aim of the course is to learn the necessary conjunctions for composition writing. In addition, the students will be able to write a four-part critical composition by learning the difference between ideas and factual real sentences and how to write the opposing opinion and sentences used to refute it. Thus, the students will be able to distinguish between the compare and contrast essay and discursive essay. Students will also be able to make presentations by using presentation techniques. In addition, this course aims to summarize the reading pieces of the students and to use the strategies of reading and to draw conclusions and meanings using their reading skills.
HISTORY OF CIVILIZATION

Course code

HIST100

Credit

0

Theoretical

2

Practical

0

Ects

2
The aim of this course is to outline the development of civilizations in the course of history. It firstly focuses on the concepts such as “Civilization”, “Prehistoric”, and “Historic” and on the factors forcing the emergence of the first civilizations. As well as examining the prehistoric periods and their characteristics in the course of human life since the first appearance of human beings on earth, the course mainly focuses on the early civilizations, namely the Mesopotamian, Egyptian, Aegean, Classical Greek, Hellenistic, Indian, Chinese and Roman Civilizations. Political, social, economical, cultural, intellectual, philosophical and scientific aspects in these entities are also examined in this course.
INFORMATION TECHNOLOGY II

Course code

ITEC102

Credit

3

Theoretical

2

Practical

2

Ects

6
This course aims to teach concepts concerning computer assisted education, its basic theories, implementation methods. It will introduce Microsoft Word and how to use the most common formatting and review tools needed to create a Word Document that can be printed. This course also introduces the student to PowerPoint, which is a Microsoft application that lets one create professional computerized presentations. The presentations can include slides, animations, graphics, drawings, and more. Students will be taught to building and editing worksheets, formatting and printing worksheets, sorting, filtering, and analyzing list data; working with formulas and functions, and charting in MS Excel. In this course students will learn as well the basic concepts of macros.
MATHEMATICS FOR BUSINESS AND ECONOMICS-II

Course code

MATH112

Credit

3

Theoretical

3

Practical

0

Ects

6
The course is a continuation of MATH111, Mathematics for Businesss and Economics-II.This course is designed to equip students with the knowledge and aspects of mathematics for business and economics such as linear programming, matrices and their properties, matrices with applications to business, management and economics, linear and non-linear equations, their properties, finding solutions, their graphs and principles of differentiations ( derivative of elementary functions, derivative of quotient, product etc.), marginal concepts and optimization, partial differentiation, rules of differentiations and applications, definite and indefinite integrals, integration integral of elementary functions, integration by parts and substitution methods, applications of the integral, matrix addition , subtraction, multiplication and elementary operations, inverse, transpose of matrices.
PSYCHOLOGY

Course code

PSYC110

Credit

3

Theoretical

3

Practical

0

Ects

6
The aim of this course is to provide an introduction to the wide range of topics covered by psychology. By the end of the course, students will be familiar with the major theories and the methods of research used to analyse behavior. These include the biological basis of psychological functions, sensation, perception and different states of consciousness. In addition to cognitive topics, the course provides an introduction to social, developmental and clinical psychology.
MODERN TURKISH HISTORY

Course code

TARH100

Credit

0

Theoretical

2

Practical

0

Ects

2
In this course, Ottoman state and society, factors causing the collapse of the state; Ottoman modernization; Tripoli and Balkan Wars, World War I, Mudros Armistice and Sevres Agreement; parties and associations, the national resistance movement led by Mustafa Kemal, the Havza and Amasya Circulars, the Congresses, the National Pact, the Turkish Grand National Assembly; the rebellions, the regular army and the War of Independence; the Mudanya Armistice, the Lausanne Peace Treaty; Revolution in the political field, secularization of the state and society, abolition of the sultanate, declaration of the republic, abolition of the caliphate; 1921 and 1924 constitutions, constitutional changes; Sheikh Said Rebellion; Multi-party experience, secularization and modernization in law, nationalization and secularization in education, Kemalizm and 6 principles, Turkish foreign policy(1923-1938) are covered.
Third Semester
ACCOUNTING-I

Course code

ACFN211

Credit

3

Theoretical

3

Practical

0

Ects

7
This course is an introduction to the financial statement which contains theory, practice and application of accounting principles. The objective of this course is to achieve a strong foundation of accounting principle and to ensure the students understand the process of classifying, reporting, evaluating and interpreting financial information. Accounting helps students to build a foundation upon which they will continue to learn and grow in their study. By the completion of the course students should be able to do the following: 1-Identifying the steps in accounting cycle, 2- Interpreting and recording the business transactions, 3-Classifying the similar transactions into useful reports, 4- Summarizing and communicating information to decision makers.
COST ACCOUNTING-I

Course code

ACFN361

Credit

3

Theoretical

3

Practical

0

Ects

6
The aims of this course are mainly to prepare students with a good understanding on the empirical foundation of cost accounting. In addition, this course prepares students with an overview of the principle of cost accounting and its application. By the completion of the course the students should be able to evaluate production decisions in light of costs and benefits and prepare budgetary cost with respect to management control. Also, the following topics will be covered; the Manager and Management Accounting, an Introduction to Cost Term and Purposes, Cost Volume Profit Analysis, Job Costing, Activity Based Costing and Activity Based Management, Master Budget and Responsibility Accounting and Flexible Budgets, Direct-cost Variances and Management Control.
ETHICS & SOCIAL RESPONSIBILITY

Course code

EASC220

Credit

3

Theoretical

3

Practical

0

Ects

6
The course is designed to familiarize students with concepts such as morality, theory of right and wrong, theory of value, what entails goodness and badness, and the theory of virtue and vice. After introducing these concepts, the course encourages students to think about ethical aspect of real life events and issues, makes them analytically examine their position in social life and how they deal with ethical issues. Students become more effective decision makers by examining the meaning and role of ethics in business environment, and social responsibility of business organizations. Topics include the relationship between business and society; identifying stakeholders and issues; the theoretical basis of business ethics; business ethics in management and leadership; the concept of corporate social responsibility; corporate social responsibility in practice.
BUSINESS FINANCE

Course code

EASC345

Credit

3

Theoretical

3

Practical

0

Ects

6
The material covered in this course can be summed up as a “Guide Book for New entrepreneurs”. It has seven basic objectives: to introduce the business environment as an important factor in the birth and survival of new businesses, to emphasize the importance of the business idea, to familiarize the student with the sources of initial capital, to review the basic financial tables and tools, to have the student draw up and write his own realistic business plan, and to acquaint the student with the procedures linking businesses with banks and other institutions of the financial markets, help to prepare students with a conceptual frame work for understanding and analyzing decision took by management.
STATISTICS-I

Course code

STAT205

Credit

3

Theoretical

3

Practical

0

Ects

5
The first aim of this course is the organizing data sets used in business and economics, the representation of these data sets by frequency tables and graphics, the analysis of the characteristics of the distributions by calculating the descriptive statistics. Understanding the properties of normal distribution, making simple area and probability calculations by using tables, converting raw scores into standard scores, learning the applications of normal distribution and standard z-scores in business and economics constitute an important part of the course. Applications of correlation and regression analysis, understanding the relationships between variables and making predictions from these relationships in the fields of business and economics are another important part of the course.
Fourth Semester
ACCOUNTING-II

Course code

ACFN212

Credit

3

Theoretical

3

Practical

0

Ects

7
Students will develop advanced skills that build upon those acquired in Accounting I. Additional accounting skills such as reconciling uncollectible accounts, calculating depreciation on assets, interpreting financial information, and calculating notes and interest will be developed. Computerized accounting will again be incorporated as an essential tool where resources are available. On successful completion of this course, all students will have developed knowledge on how to prepare a bank reconcitiation, record merchandising activities in perpetual and periodic inventory systems, account for uncollectible receivables, account for marketable securities, calculate depreciation for tangible fixed assets using different depreciation methods, account for short-term and long-term liabilities and stokholders’s equity.
MARKETING

Course code

EASC331

Credit

3

Theoretical

3

Practical

0

Ects

6
This course introduces the essential principles of marketing (key concepts, methods of analysis, strategies and tactics) critical to managing profitable customer relationships in today’s dynamic and allied environment. Topics include, understanding the marketplace, product, services and branding strategies, new product strategies, pricing products, marketing channels, integrated marketing communication strategies. The course will help in understanding development of managerial decision-making techniques and problem-solving through practice in analyzing practical marketing cases. It will expose students to the commonly problems faced by marketing managers and to develop skills in analyzing marketing problems and preparing implementable plans of action based on analyses of given business situations. Cases and a marketing simulation are used to focus the discussion and to reinforce learning of key marketing concepts.
FINANCIAL MANAGEMENT

Course code

EASC346

Credit

3

Theoretical

3

Practical

0

Ects

6
This is a two pronged course. The first part covers analyses of the time value of money. This part includes illustrations with specific reference to current cases regarding the management of cash. The second part deals with the procedures and instruments that prevail in the relationship between the firm and money and capital markets. Particular attention is devoted to the stock exchange including regulations pertaining to inital public offerings and listings. Also, this course will give the students detailed information about capital budgeting, capital market line, security market line, risk and return, cost of capital, financial leverage and capital structure policy (i.e. long-term financial policy) and short-term financial planning.
INTRODUCTION TO POLITICAL SCIENCE

Course code

INRE101

Credit

3

Theoretical

3

Practical

3

Ects

6
This course is an introduction course for the first year International Relations students with the aim of introducing students to the discipline’s fundamental terminologies, and concepts. Within this framework, the course explores instances of applied political science through real world examples by providing the essential conceptual tools and fundamental methodologies of studying political science. The course focuses on the building blocks of studying politics such as legitimacy, sovereignty, state, classes, as well as political elites. Fundamental knowledges such as Political parties, regimes, ideologies, election systems will be given to students. In line with the fundamental methodologies of studying political science, the major political perspectives will be analyzed throughout the semester.
STATISTICS-II

Course code

STAT206

Credit

3

Theoretical

3

Practical

0

Ects

5
The purpose of the course is to evaluate and analyze the quality of services available to a group or organization, analyzing the behaviors of groups of people in their environment and special situations, and determining the wants of people through statistical sampling. After completing this course the students will be able to define statistical applications for economics, develop an understanding for frequency distribution, calculate the measurement of the central tendency, assess the standard deviation and other measures of dispersion. They will be able to compute the correlation coefficient and covariance, and discuss the elementary concept of probability theory and also sampling theory.
Fifth Semester
INTERMEDIATE ACCOUNTING-I

Course code

ACFN346

Credit

3

Theoretical

3

Practical

0

Ects

6
Students will develop advanced skills that build upon those acquired in Accounting I and Accounting II. Additional accounting skills such as asset valuation, mergers and acquisitions, revenue recognition will be covered. After analyzing these concepts, the course helps students to make a connection between accounting topics and international financial reporting standards. In success of completion of this course, all students will develop their knowledge and understanding on: the role of accounting as an information system, accounting process, the statement of financial position and financial disclosure, the income statement and statement of cash flow, cash and receivable, and inventory an additional issues.
AREA ELECTIVE

Course code

ACFNXX1

Credit

3

Theoretical

3

Practical

0

Ects

6
AREA ELECTIVE

Course code

ACFNXX2

Credit

3

Theoretical

3

Practical

0

Ects

6
INVESTMENTS

Course code

EASC465

Credit

3

Theoretical

3

Practical

0

Ects

6
Develops an understanding of the models and concepts of profitable investing, relying on theoretical development and consideration of observed pricing, market, and participant behavior. Examines the markets through which investment funds are channeled and the motivations of the investing and borrowing communities.On successful completion of this course, all students will have developed knowledge and understanding on: how secutires are Traded, Mutual funds and other invesment companies, Global Financial Instruments, Eifficent Diversification, The efficent market hypothesis, Interntional investing, Taxes. Inflation, and invesment Stratages, Investores and the investment process, Behavioral Fianance and Technical analysis. Examines the markets through which investment funds are channeled and the motivations of the investing and borrowing communities.
ECONOMETRICS

Course code

ECON304

Credit

3

Theoretical

3

Practical

0

Ects

6
The objective of this course is to provide the basic knowledge of econometrics that is a necessity for any serious economist or social scientist, to a level where the participant would be competent to continue with the study of the subject in a graduate programme. While the course is ambitious in terms of its coverage of technical topics, equal importance is attached to the development of an intuitive understanding of the material that will allow these skills to be utilised effectively and creatively, and to give participants the foundation for understanding specialized applications through self study with confidence when needed.
Sixth Semester
FINANCIAL MARKETS AND INSTITUTIONS

Course code

ACFN310

Credit

3

Theoretical

3

Practical

0

Ects

6
This course is designed to provide students with a basic knowledge of financial institutions and markets play in the business environment. The banking system, the interest rates, the derivatives, and the Federal Reserve System will be analyzed in this course. On successful completion of this course, all students will have developed knowledge and understanding of Financial environment; Role of Financial Markets and Institutions,Securities traded in Primary and Secondary Markets, Derivatives, spot and farword and future markets, Monetary Authorities,Monetary Policy , Money Markets, Capital Markets, Supply and Demend for loandable funds Other Lending Institutions: Savings Institutions,Credit Unions, and Finance Companies, Managing Risk off the Balance Sheet with Derivative Securities. Types of Risks Incurred By Financial Institutions.
FINANCIAL STATEMENT ANAYSIS

Course code

ACFN400

Credit

3

Theoretical

3

Practical

0

Ects

6
The basic objective of this course is to consider the tools and techniques for the interpretation of Financial Statements. This course also aims in analyzing balance sheet and income statement, obtaining a result about the financial position of a company, evaluating the financial condition of a company in a sector, implementing horizontal and vertical analysis to the company, and evaluating the progress of a company by creating trend analysis are the basic topics of the course. On successful completion of this course, all students will have developed knowledge and understanding of: Measuring and Estimating Costs, Accrual-based Versus Cash-flow-based Performance Measures, The Analytical Income Statement and Balance Sheet.
AREA ELECTIVE

Course code

ACFNXX3

Credit

3

Theoretical

3

Practical

0

Ects

6
AREA ELECTIVE 4

Course code

ACFNXX4

Credit

3

Theoretical

3

Practical

0

Ects

6
.
INTERNATIONAL BUSINESS LAW

Course code

BUSN201

Credit

3

Theoretical

3

Practical

0

Ects

6
The course is about law and legal institutions in society, emphasizing areas of law relevant to business operations, general legal and social environment with emphasize on business ethics, the role of contracts in business, and employment obligations. The main aim of the course is to offer an insight to various aspects of business law. To this end, general principles of contract law, company law, international trade law and competition law will be examined. Furthermore, the nature of negotiable instruments and international payment instruments will be analyzed. The course is essentially based upon Turkish law, but at times references will be made to other jurisdictions for comparative purposes.
Seventh Semester
AUDITING-I

Course code

ACFN421

Credit

3

Theoretical

3

Practical

0

Ects

6
The aim of this course is to provide students with knowledge of basic auditing concepts, and teach them the requirements of an audit and assurance system. In success of completion of this course, all students will develop their knowledge and understanding on: an introduction to assurance and financial statement auditing, , the financial statement auditing environment, audit planning types of audit tests and materialism, evidence and documentation, internal control in a financial statement audit, auditing internal control over financial reporting, and apply critical thinking skills and solving auditing problem through the use of case studies.
INTERNATIONAL FINANCE

Course code

ACFN460

Credit

3

Theoretical

3

Practical

0

Ects

6
This course covers the theory and practice of international finance at our time. It covers the instruments, practices and institutions of the international financial system with close reference to the relevant theories and current issues. The aim of the course is to familiarize the students with the theoretical, practical and institutional aspects of the current practice of international finance. On successful completion of this course, all students will have developed knowledge and understanding: Global Financial Environment, Globalization process, The International Monetary System, Balance of Payment, Foreign Exchange Rate Determination, Foreign Currency Derivatives, Foreign direct investment and theory and strategy, Multinational Capital Budgeting .
ELECTIVE

Course code

ACFNXX5

Credit

3

Theoretical

3

Practical

0

Ects

6
FREE ELECTIVE

Course code

FREEXX1

Credit

3

Theoretical

3

Practical

0

Ects

6
FREE ELECTIVE
UNIVERSITY ELECTIVE

Course code

UNIEXX1

Credit

3

Theoretical

3

Practical

0

Ects

6
UNIVERSITY ELECTIVE
Eighth Semester
ACCOUNTING AND FINANCE CAPSTONE PROJECT

Course code

ACFN402

Credit

3

Theoretical

3

Practical

0

Ects

6
ACCOUNTING AND FINANCE CAPSTONE PROJECT
CORPORATE FINANCE

Course code

ACFN484

Credit

3

Theoretical

3

Practical

0

Ects

6
This course presents the theory and practice of corporate finance. It covers the instruments and practices of the corporate finance with close reference to the relevant theories and current issues. This course is designed to cover the topics such as capital budgeting, cost of capital, present value, valuing stocks, capital market efficiency, and value-maximization. On successful completion of this course, all students will have developed knowledge and understanding of: Corporate Form of Organization & Corporate Governance, Brief Overview of Capital Budgeting, Capital Markets and Capital Structure, Debt Policy, Payout Policy, Corporate Valuation & Mergers/Acquisitions, Credıt and Inventory management, Cash and liquidity management.
ELECTIVE

Course code

ACFNXX6

Credit

3

Theoretical

3

Practical

0

Ects

6
FREE ELECTIVE

Course code

FREEXX2

Credit

3

Theoretical

3

Practical

0

Ects

6
FREE ELECTIVE
UNIVERSITY ELECTIVE

Course code

UNIEXX2

Credit

3

Theoretical

3

Practical

0

Ects

6
UNIVERSITY ELECTIVE

Elective Courses

MANAGERIAL ACCOUNTING

Course code

ACFN482

Credit

3

Theoretical

3

Practical

0

Ects

7
In this course, the development, interpretation, and use of relevant cost behavior, control, and traceability concepts for management planning, controlling and decision making are emphasized. This course focuses on corporate decision-making skills for managers by concentrating on the concepts and practices of managerial accounting. The emphasis is on building a general framework for choosing among alternative cost systems for operational control and product cost and profitability measurement. The course covers recent conceptual and analytical developments in the area of management accounting, including study of modern and relevant planning, control techniques and their underlying concepts as applied to various functional areas within the firm, and performance evaluation.
INTERNATIONAL ECONOMICS

Course code

ACFN423

Credit

3

Theoretical

3

Practical

0

Ects

6
The purpose of this course is to help students understand the basics of international trade and the effects of various international economic policies on domestic and world welfare. The course will cover sources of comparative advantage, gains and losses from trade. This course also focuses on international trade of goods, services, and capital. The issues discussed include gains from trade and their distribution; analysis of protectionism; strategic trade barriers; the trade deficit; exchange rate determination; and government intervention in foreign exchange markets. Students who master this material will be better able to work in and make contributions to organizations (e.g., business firms) involved in international trade and finance issues.
CREATIVITY AND INNOVATION

Course code

BUSN236

Credit

3

Theoretical

3

Practical

0

Ects

6
CREATIVITY AND INNOVATION Creativity, innovation, and change require a unique mindset and collection of mental tools. In this course, students will be introduced to the CIC mindset and cover basic tools for innovating. First, they will learn how to alter the way the brain works to produce ideas and they will discover that creativity comes in many different shapes and sizes, each of which is equally important in solving business problems. Specifically, they will learn about four key variables that define and describe creative diversity, including your creative style and creative level. They will also learn how creative diversity impacts the ideas you generate and how you make use of them, as well as how to recognize and appreciate the creative diversity of others around you.
COMPUTER APPLICATIONS FOR FINANCE

Course code

ACFN351

Credit

3

Theoretical

3

Practical

0

Ects

6
The course briefly introduces the popular spreadsheet software Microsoft Excel. It allows users to create rich, stylized spreadsheets to store, organize, sort, calculate, and graph data. The focus of the course is designed to help students use concepts learned in other courses in a spreadsheet environment. Furthermore, course is designed specifically for spreadsheet users who are already performing professional financial analysis and financial modelling or new starters for spreadsheet programming. Especially topics covered include basics of spreadsheet programming, graphing and scheduling, financial and statistical functions, Goal Seek and Solver add-in functionality. The course finally will focus on the efficient usage of date functions.
MANAGERIAL ACCOUNTING

Course code

BUSN302

Credit

3

Theoretical

3

Practical

0

Ects

7
In this course, the development, interpretation, and use of relevant cost behavior, control, and traceability concepts for management planning, controlling and decision making are emphasized. Topics include: an introduction to product costing, the contribution concept, performance standards and variance analysis, responsibility accounting, segment profitability, alternative choice decisions, and capital budgeting. A study of the uses of accounting information for managerial decision making. Areas covered include: manufacturing, merchandising, and service cost systems: costvolume profit analysis; budgeting; and capital investment decision making, cost accounting terminology, job costing, process costing, activity-based costing, activity-based management, cost-volume-profit analysis, budgeting, standard costing, variance analysis, responsibility accounting, variable costing, transfer pricing and decision making.
INTERNATIONAL BUSINESS MANAGEMENT

Course code

BUSN471

Credit

3

Theoretical

3

Practical

0

Ects

MONEY AND BANKING

Course code

BUSN332

Credit

3

Theoretical

3

Practical

0

Ects

6
This course is designed to explain the importance of money and banking to economic activity. This course offers a systematic analysis of monetary theories and the financial system. Apart from exposing students to different approaches in monetary analysis, the course places a special emphasis on the up-to-date analysis of how information costs affect financial structure and monetary policy. The course will cover the structure and importance of the financial system, the functions of money, behavior of interest rates, financial structure and asymmetric information, bank management and regulation, debates on macroeconomic and monetary policies, the targets and instruments of monetary policies, the transmission mechanism of monetary policy and its effectiveness, money and inflation, rational expectations and its applications.
ORGANIZATIONAL BEHAVIOUR

Course code

BUSN207

Credit

3

Theoretical

3

Practical

0

Ects

6
The purpose of this course is to train students with theories and applications dealing with motivation, decision-making, team dynamics, negotiation, leadership and organizational culture. Development of analytical skills and critical thinking are important for the course. The course exposes students to advanced behavioral science theories and applications in management. Organizational behavior (OB) is an interdisciplinary field drawing from numerous disciplines including psychology, sociology, economics, organization theory, statistics, and many others. After an overview of OB and how to assess the value-added of "soft" management interventions, topics will include work motivation, work attitudes, newcomer socialization, "natural" and nominal work teams, leadership, decision making, and management of change.
STATISTICAL APPLICATIONS FOR SOCIAL SCIENCES

Course code

STAT461

Credit

3

Theoretical

3

Practical

0

Ects

5
The course aims to instruct students to use word, excel and statistical packages in an integrated approach at an advanced level. In this course students will be presenting their statistical applications on Power Point in a professional manner; using statistical capabilities to get simple percentages to complex analyses of variance, multiple regressions, and general linear models as well as to generate tabulated reports, charts and plots of distributions and trends. The course makes statistical analysis more accessible fort he beginner and more convenient for the experienced user.It offers a simple and efficient spreadsheet-like facility for entering data and browsing the workingdata file.
KNOWLEDGE MANAGEMENT

Course code

BUSN410

Credit

3

Theoretical

3

Practical

0

Ects

6
This course aims at underlying the importance of knowledge and its processes in organizations. It focuses on the processes of knowledge such as creating, sharing, structuring, using and auditing in the context of knowledge management life cycle (KMLC). Furthermore, the course examines two type/dimensions of knowledge, tacit and explicit knowledge. Hierarchy of knowledge is also the key concept of knowledge management course which includes physical process, data, information, and knowledge and wisdom concepts. Knowledge management discipline, knowledge management applications and knowledge mapping techniques will be explained at this course during the Semester. Some of the additional theories such as resource based view of the organization theory, resource dependency theory, intellectual capital theory will directly be explained.
MANAGING SOCIAL RESPONSIBILITY PROJECTS

Course code

BUSN437

Credit

3

Theoretical

3

Practical

0

Ects

6
MANAGING SOCIAL RESPONSIBILITY PROJECTS
MANAGERIAL ECONOMICS

Course code

ECON465

Credit

3

Theoretical

3

Practical

0

Ects

6
The main aim of this course is to study fundamental principles of microeconomics most relevant to managers. Topics include costs, demand, pricing, market structure, market equilibrium, and strategic interaction. The course focuses on: (i) profit maximization by firms; and (ii) market equilibrium in different competitive settings. The course should enhance your understanding of how markets operate and develop your capability in making economic predictions about market outcomes. Economists are model builders, as these facilitate careful analysis, and it is important to develop facility in working in this context. Managerial Economics is the application of economic theory and methodology to managerial decision making problems within various organizational settings such as a firm or a government agency.
SMALL BUSINESS MANAGEMENT

Course code

BUSN416

Credit

3

Theoretical

3

Practical

0

Ects

6
SMALL BUSINESS MANAGEMENT
INTERPERSONAL COMMUNICATION

Course code

BUSN209

Credit

3

Theoretical

3

Practical

0

Ects

6
This course is an advanced seminar designed to explore the field of ideas relating to human modes of communication and personal relationships in the shaping of our social environment. The course focuses not only developing a particular set of “skills” (communication competence), but also exploring the overarching structures that influence interpersonal interaction and investigate research on some of major topics of interpersonal communication. The course instructs the students’ practices and principles of interpersonal communication. Topics of the course will involve the communication process; issues addressed include perception, listening, self-disclosure, speech apprehension, ethics, nonverbal communication, conflict, power, and dysfunctional communication. Students will be able to demonstrate interpersonal communication skills in a group discussion as well as manage communication conflicts.
MONEY AND BANKING

Course code

ECON332

Credit

3

Theoretical

3

Practical

0

Ects

7
This course is designed to explain the importance of money and banking to economic activity. This course offers a systematic analysis of monetary theories and the financial system. Apart from exposing students to different approaches in monetary analysis, the course places a special emphasis on the up-to-date analysis of how information costs affect financial structure and monetary policy. The course will cover the structure and importance of the financial system, the functions of money, behavior of interest rates, financial structure and asymmetric information, bank management and regulation, debates on macroeconomic and monetary policies, the targets and instruments of monetary policies, the transmission mechanism of monetary policy and its effectiveness, money and inflation, rational expectations and its applications.
INTERNATIONAL MARKETING

Course code

BUSN484

Credit

3

Theoretical

3

Practical

0

Ects

6
FUNDAMENTALS OF ECONOMICS

Course code

ECON110

Credit

3

Theoretical

3

Practical

0

Ects

5
Bu ders, hem mikroekonomi hem de makroekonominin temelini oluşturan temel kavramları kapsayan temel bir ekonomi anlayışı sağlar. Öğrenciler arz ve talep, piyasa yapıları, ekonomide hükümetin rolü, enflasyon, işsizlik ve uluslararası ticaret gibi temel konuları keşfedeceklerdir. Ders, ekonomik muhakeme ve karar almanın önemini vurgulayarak öğrencilere hem kişisel hem de profesyonel bağlamlarda ekonomik sorunları analiz etmeleri için araçlar sağlar. Dersin tamamlayan öğrenciler temel ekonomi prensipleri hakkında sağlam bir anlayışa sahip olacaklardır.
PROJECT MANAGEMENT

Course code

BUSN441

Credit

3

Theoretical

3

Practical

0

Ects

6
This course introduces the concept of managerial process in project management. It explores the process of lifecycle management of projects and the tools for decision making. The course will cover the important topics of project management process including cost and time estimation, project scheduling, managing risk, outsourcing, project closure and how to become an effective project manager. The technical and behavioral issues in project management with a broad range of industries to which project management principles can be applied will be also highlighted. By the end of this course the students will be able to understand how project management theories are practiced in business cases and will be able to apply theories in real life cases.
INTERNATIONAL ECONOMICS

Course code

BUSN423

Credit

3

Theoretical

3

Practical

0

Ects

5
.
US FOREIGN POLICY

Course code

INRE422

Credit

3

Theoretical

3

Practical

3

Ects

6
This course aims to familiarize student with the process and content of US foreign policy. It intended to help students acquire a sound conceptual and practical understanding of the foreign policy challenges that US policy-makers face, and of the reasons for and implications of their decisions. Conceptual approaches to the analysis of American foreign policy and some of the key foreign policy issues that confront the United States since the end of the Cold War. The course will draw attention to the evolution of U.S. foreign policy during the Cold War years (1945-1991), on the post-Cold War period (post-1990 era) as well as on the post-September 11 era will be discussed.
POLITICS IN BALKANS

Course code

INRE440

Credit

3

Theoretical

3

Practical

3

Ects

6
This course is organized to introduce the student with a thorough understanding of Balkan politics. The topics in this course are history of the Balkans, territorial settlement of 1919-1923, revisionism in the Balkans, characteristic features of the regimes during the period between the two World Wars, the establishment of communist regimes in the 1940s and their collapses in 1989-1990. International and domestic problems faced by the Balkan states during the transitional period will also be examined, with particular emphasis on issues in the Balkans such as Bosnia, Kosovo and Macedonia issues. The European Union perspective of the Balkan states and Turkey’s foreign policy towards the region are also of special interest for this course.
INTRODUCTION TO DIGITAL MARKETING

Course code

DMMA102

Credit

3

Theoretical

3

Practical

0

Ects

7
DİJİTAL PAZARLAMAYA GİRİŞ
INTERNATIONAL ECONOMICS II

Course code

ECON354

Credit

3

Theoretical

3

Practical

0

Ects

CRITICAL SECURITY STUDIES

Course code

INRE428

Credit

3

Theoretical

3

Practical

3

Ects

6
This course aims to analyze security studies with a specific focus on the critical approaches to international security and new conceptual tools developed in the post- the Cold War era. The objectives of this course are to provide the students with awareness of key debates and knowledge of issues in the new security agenda in a theoretical perspective. The course also aims to develop analytical and critical skills of the undergraduate students to comprehend and discuss the specific cases in the changing conceptual/theoretical framework of International Security by referring to different sectors of security such as military, economy, society, politics, energy and environment
MANAGEMENT SCIENCE

Course code

BUSN321

Credit

3

Theoretical

3

Practical

0

Ects

6
Management science course combines elements of management and decision-making with mathematical and quantitative analysis. It involves the use of mathematical models and methods to solve problems and make decisions in a variety of settings, including business, government, and non-profit organizations. The course covers topics such as optimization, forecasting, decision analysis, and simulation, and may also include elements of computer programming and data analysis. The goal of the course is to provide students with the skills and knowledge they need to analyze complex problems and make effective decisions using quantitative methods.
ORGANIZATION THEORY

Course code

BUSN361

Credit

3

Theoretical

3

Practical

0

Ects

ISSUES IN INTERNATIONAL RELATIONS

Course code

INRE446

Credit

3

Theoretical

3

Practical

3

Ects

6
The main aim of this course is to provide a detailed overview of the issues and approaches in the field of international relations from different perspectives. The seminar will also help students in preparing for the comprehensive tests and further study in the department’s more specialized courses in international relations through reevaluating major concepts and theories as well as complex issues in the field. Finally, the purpose of this course is to provide fourth year IR students with the means to think critically about international relations and explore some of the most salient issues in-depth in international relations and politics today.
POLITICS IN CENTRAL ASIA AND CAUCASUS

Course code

INRE421

Credit

3

Theoretical

3

Practical

3

Ects

6
This Course is aimed to analyze the political systems and types of rules in post-Soviet Republics of Central Asia and Caucasus. The territorial demarcations and collapse of Soviet Union in the ex-Soviet geography after the end of the Cold War led to a radical transformation in the political rules of Azerbaijan, Georgia, Armenia, Kazakhstan, Uzbekistan, Turkmenistan, Kyrgyzstan and Tajikistan. The systemic transformation of CIS countries will be assessed in detail and country by country. A specific highlight will be done about the relations of those countries with Turkey after the collapse of Soviet Union.
POLITICS OF CYPRUS

Course code

INRE419

Credit

3

Theoretical

3

Practical

3

Ects

The Cyprus problem is one of the longest running disputes at the agenda of the United Nations. It has had a huge impact on the foreign relations of Turkey as well as on her economy. Many attempts to solve the issue has failed for various reasons, leaving the issue as one of the main obstacles in Turkey’s EU accession path. The course will give a historic overview of the Cyprus problem, analyze the past as well as the current strategies used by the Turkish and Greek side at and outside of the negotiation table and assess the impact of different likely scenarios on the future of the island as well as Turkey.
E-COMMERCE

Course code

BUSN428

Credit

3

Theoretical

3

Practical

0

Ects

FISCAL POLICY AND PUBLIC FINANCE

Course code

ECON312

Credit

3

Theoretical

3

Practical

0

Ects

6
MALİ POLİTİKA VE KAMU MALİYESİ
ISSUES IN GLOBALIZATION

Course code

INRE412

Credit

3

Theoretical

3

Practical

3

Ects

6
This course aims to provide a holistic perspective on the historical development of globalization. It will examine the definitions of globalization in different centuries and geographical dimensions to provide a pre-theoretical framework for understanding the heterogeneous and diversified nature of globalization. Issues such as multilateral institutions, diplomacy, human rights, and terrorism constitute the fundamental aspects shaping contemporary world politics in the era of globalization today will be discussed. At the end of this course, students will be able to analyze the emergence of a state-centric global society, globalization of international system and constructing a global civil society with different theoretical perspectives.
EU SOCIAL POLICY

Course code

INR442

Credit

3

Theoretical

3

Practical

0

Ects

6
COST ACCOUNTING

Course code

EASC327

Credit

3

Theoretical

3

Practical

0

Ects

7
The aim of the course is to provide students with knowledge of cost and cost-related concepts, and teach them how to use these concepts in evaluating the cost of a product; in the process of planning and control; and decision-making. This course examines in depth cost analysis and product costing for both the profit and not-for-profit sectors of the economy. Accounting for labor, materials, and manufacturing overhead emphasizes the use of source documents to analyze and record cost data in both manual and computerized accounting systems. Methods of allocating indirect costs to products are introduced. Budgeting concepts are reviewed with emphasis on capital budget techniques. Reporting for segments and decentralized operations are also covered.
MEDIA AND INTERNATIONAL CONFLICT

Course code

INRE456

Credit

3

Theoretical

3

Practical

3

Ects

6
Basing on main theoretical debates and empirical case analyses about the complex role of media in conflict situations, this course aims to provide a critical outlook and broad conception of the contemporary media in conflict situations within international arena. Within this framework it will mainly deal with the operational modes, embeddedness and freedom of media in its relations with decision-making mechanisms, armed forces, other armed players (i.e. militia, gangs, warlords, etc), international and regional agencies while reporting the crisis situations before, during and after the conflict.
ACCOUNTING-II

Course code

BUSN212

Credit

3

Theoretical

3

Practical

0

Ects

7
Students will be able to develop advanced skills that built upon those acquired in Accounting I. Additional accounting skills such as reconciling uncollected accounts, calculating depreciation on assets, interpreting financial information, and calculating notes and interest will be developed. Computerized accounting will again be incorporated as an essential tool where resources are available. The course emphasizes understanding the role of accounting in product costing, costing for quality, cost-justifying investment decisions, and performance evaluation and control of human behavior. The learning of basic principles of financial accounting, including a study of corporation accounts and the statement of cash flows. The course deals with the development of accounting theory with emphasis on managerial techniques for interpretation and use of data in planning and controlling business activities.
CURRENT WORLD EVENTS

Course code

INR418

Credit

3

Theoretical

3

Practical

0

Ects

ECONOMETRICS

Course code

ECON304

Credit

3

Theoretical

3

Practical

0

Ects

6
The objective of this course is to provide the basic knowledge of econometrics that is a necessity for any serious economist or social scientist, to a level where the participant would be competent to continue with the study of the subject in a graduate programme. While the course is ambitious in terms of its coverage of technical topics, equal importance is attached to the development of an intuitive understanding of the material that will allow these skills to be utilised effectively and creatively, and to give participants the foundation for understanding specialized applications through self study with confidence when needed.

TRNC citizens and TR citizen candidate students who have completed their entire high school education in TRNC. They are placed in undergraduate programs in line with their success in the CIU Student Placement and Scholarship Ranking Exam and the programs they prefer.

Students who are successful in the exam can register from the TRNC Marketing Office.

Applicants can directly apply online to our undergraduate programs by using the application portal. Please fill in your details correctly and upload all the required documents listed on the last page of the application form.

Required documents;

  • Completed application form,
  • Higher/Secondary Certificate or equivalents (e.g. O/A’Level, WAEC/NECO)
  • Evidence of English Language competence: TOEFL (65 IBT) or IELTS (5.5). Students without these documents will take the CIU English proficiency exam on campus following arrival,
  • Scanned copy of international passport/birth certificate,
  • Fully completed and signed CIU Rules and Regulations document (which can be downloaded during the online application).

 

Cyprus International University provides academic scholarships for its students as an incentive for success, with most students benefiting from 50%, 75% or 100% scholarships or discounted tuition fees. Click for more information.

Tuition Fees are determined at the beginning of each academic year. Candidate students who are entitled to enroll in CIU can learn their fees in line with the Tuition Fee Calculation system.